Saudi Paper Manufacturing Co (SAU:2300) LT-Debt-to-Total-Asset : 0.16 (As of Dec. 2023)

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What is Saudi Paper Manufacturing Co LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Saudi Paper Manufacturing Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.16.

Saudi Paper Manufacturing Co's long-term debt to total assets ratio declined from Dec. 2022 (0.25) to Dec. 2023 (0.16). It may suggest that Saudi Paper Manufacturing Co is progressively becoming less dependent on debt to grow their business.

Saudi Paper Manufacturing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Saudi Paper Manufacturing Co's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Saudi Paper Manufacturing Co LT-Debt-to-Total-Asset Chart

Saudi Paper Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.43

0.35

0.25

0.16

Saudi Paper Manufacturing Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.25	0.24	0.21	0.19	0.16

Saudi Paper Manufacturing Co LT-Debt-to-Total-Asset Calculation

Saudi Paper Manufacturing Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	173.172	/	1077.945
	=	0.16

Saudi Paper Manufacturing Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	173.172	/	1077.945
	=	0.16

Saudi Paper Manufacturing Co (SAU:2300) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Saudi Paper Manufacturing Co LT-Debt-to-Total-Asset Related Terms

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Saudi Paper Manufacturing Co (SAU:2300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Saudi Paper Manufacturing Co (SAU:2300) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit No. 2, Industrial City 2, P.O. Box 2598, Dammam, SAU, 34326-7169

Website

https://www.saudipaper.com

Saudi Paper Manufacturing Co manufactures tissue paper. The principal activities of the company are to manufacture tissue paper rolls, convert tissue paper rolls into facial, kitchen and toilet tissue papers and collect, sort, transport, and press waste papers. The reportable segments of the company are Manufacturing, Trading and others. The Manufacturing segment includes buying, manufacturing, and distributing pulp paper, and the Trading and other segment include collecting, sorting, and pressing waste papers. The company generates the majority of its revenue from the Manufacturing segment.

Saudi Paper Manufacturing Co (SAU:2300) Headlines

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